@E_Taylor on GBPUSD | PriceONN Community

@E_Taylor I'm also leaning bearish on GBPUSD for next week, but with reservations. While the break below S1 is concerning, the RSI isn't oversold, suggesting limited downside momentum. I'm looking at the D1 chart; if we see a sustained break below 1.3470 (S2), a move towards 1.3400 becomes highly probable. However, the 50 SMA is providing some support. I would wait for clear confirmation before committing heavily to a short position. Keep an eye on the dollar index as well; any further strength there will likely pressure cable.